While our offices are currently closed due to the COVID-19 pandemic, we are fully operational and working remotely to continue to serve our clients and their participants.

Profit Sharing Plans

Profit sharing plans enable an employer to determine each year if it wishes to make a contribution to assist employees in saving for retirement (and to annually determine an amount ranging from nothing to a maximum set by law), or alternatively to either set a flat dollar amount or percentage of compensation that it would like to contribute to its plan-eligible employees. In addition, an employer can define eligibility for its plan in a number of different ways and can also vary its contribution formula within certain parameters. A profit-sharing plan often is used to incent organization-wide performance and profitability. Interestingly, even not-for-profit entities are allowed to create these plans, albeit using a different name.

“Kushner & Company serves as our third party administrator (TPA) on our 401(k) profit sharing plan and provide a multitude of other services as well for the past 25+ years. Our employees always report high levels of satisfaction with the outstanding customer service that Kushner provides. I would heartily recommend Kushner & Company to any organization.”

Leanna Fabean, Human Resources
Desert Orthopaedic Center, Las Vegas, NY

Profit-Sharing
WEBINARS